The rent prices in real estate in Dillon, in the Colorado region have fallen considerably in the last couple of months. There has been a strong fall in the rent prices in this city.
The price per sq.feet in Dillon has had a strong fall during the last 6 months. In March, the average price per sq.feet was $3.74. In the following month the price per sq.feet fell considerably to $2. The price for the following two months in (May, June) had a considerable rise of 121 %. The price per sq.feet has had a considerable fall of 63 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per sq.feet of $3.18 to $2 during July, and August.
When referring to the price in Dillon (cities), this has risen considerably in the last 6 months. The average price during our first sample month during March, is $2,400. During April the price went through a considerable rise reaching $4,605. During the following two months (May, June) the average price had a considerable rise of 158 % with regard to the previous two months. During the last two months the average price has fallen greatly compared to the previous four going from $4,512 to $3,830, which means a 85 % fall.
The graph displaying the average rent price for bedrooms illustrates that those properties with 4 bedrooms are the most affordable ones. At a price of $3,686 they are 49 % more affordable than the average price for Dillon . The properties with the lowest average price have 3 bedrooms, Their price is 9 % more affordable than the average. After that we have properties with 2 bedrooms priced at $2,598.
With regard to the average price per sq.feet, those properties with 1 bedroom are the most affordable ones at a cost of $1 / sq.feet, with an average $2 / sq.feet price in Dillon. The properties with the most expensive average prices have 3 bedrooms. They are 2150 % more expensive than the average followed by properties with 4 bedrooms with a price at $11 / sq.feet.
The graph displaying the average rent prices displays the property type "Land" as the most affordable one. At an cost of $3,686 it is 49 % more affordable than the average price in Dillon. "Townhouse" is seen as the second most affordable property type. The most affordable property is "Condo" followed by "Townhouse". At a price of $1,944 it is 46 % more affordable than the average price.
According to the average cost per sq.feet, the least affordable property would be "Land" at an average price of $24 / sq.feet followed by "Townhouse" priced at $49 / sq.feet. "Condo" is the most expensive type of property with a $64 / sq.feet value followed by "Townhouse" with an average price of $49 / sq.feet.